This is largely owing to the lack of representation of women in highest-paying job functions and industries, senior functions and in leadership positions. Moreover, even in lower-paying sectors where women dominate - such as hospitality and tourism - men are still holding the vast majority of management and executive roles which are the highest paid jobs within any industry.
Furthermore, according to
"Our data shows that when it comes to thinking about pay on the basis of gender, a man and a woman in the same company, doing the same job, will usually be paid nearly the same - but still favouring men by 1.6 per cent," Ben Frost, a global reward expert at Hay Group said, adding that the data shows this very consistently, from Sweden to South Africa. In India, for the similar job levels and functions the pay gap, however, is 3.5 per cent.
The study proves that organisations are following an unconscious male bias in the ways they hire talent. It is only when they have more women in higher paying jobs will we see the gender pay gap begin to close - not only by further equalling pay at similar job levels, but ensuring females reach the most senior roles, at the top of global organisations.
(The global study by the group's PayNet database tracked and analysed gender and pay for more than 8 million employees in 33 countries, including 57,000 job holders in India. PayNet database otherwise contains pay details for more than 20 million job holders in 25,000 organisations in more than 110 countries. )